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selling a house in this economy
myntik1:
Would you ever sell your collection with your house? We bought our house last year right before the market began to go down like a drunken prom date. It’s the house we wanted at a price we could afford. We knew that getting it to where we wanted it to be would be about 3-4 years and a lot of labor. Our neighbors just put their house up for sale for 20K more than we paid for our house. Their house is in the condition that we want ours to be, so we're thinking about buying it. I'm crunching some numbers and thinking about calling a realtor out to just give us a rough estimate of what we can get. We paid 180 knowing that we would need to dump in 30-40 grand over time. My feeling is a starter house in a decent neighborhood doesn't depreciate like a McMansion. My hope is that with all of the work we've done - refinsihing all of the wood floors,finishing the basement, updating the electrical, removing the wallpaper and repairing the plaster (yes plaster) walls, having a patio and new front steps poured, landscaping etc at least comes close to offsetting the market depreciation.
The new owner would inherit my in-wall juke with all of the music, but I'm thinking about throwing in a handful of games in order to up my selling price by a couple of K. While I'm not giving them an EDOT, I would most likely throw in all of the stuff I got that I'm not quite sure what to do with - my boot Ms. P cabaret, my 48n1, a cocktail mame, Centipede (if the old lady will part with it), Hang On and a Pop A Card pinball machine. While it's not a collection of grails I'm pretty sure a first time home buyer would be more than delighted to get a turnkey mantown for a few bucks more
Has anyone done this before?
And has anyone bought and sold a house recently? I'm hearing real estate horror stories but they've generally come from people who were offered 20 - 30 grand less than their 500,000 asking price.
HaRuMaN:
didn't I just see this thread and Shardian replied to it? ???
myntik1:
yes you did, unfortunately I posted it in the buy/sell/trade section by mistake.
AtomSmasher:
--- Quote from: myntik1 on August 25, 2008, 12:16:02 pm ---The new owner would inherit my in-wall juke with all of the music, but I'm thinking about throwing in a handful of games in order to up my selling price by a couple of K. While I'm not giving them an EDOT, I would most likely throw in all of the stuff I got that I'm not quite sure what to do with - my boot Ms. P cabaret, my 48n1, a cocktail mame, Centipede (if the old lady will part with it), Hang On and a Pop A Card pinball machine. While it's not a collection of grails I'm pretty sure a first time home buyer would be more than delighted to get a turnkey mantown for a few bucks more
--- End quote ---
Just something to be aware of, when you sell the house and a real estate appraiser determines the value for the loan, no personal property (such as arcade cabinets) will included in that value. So while including the cabinets will help sell the house, the house still has to be worth the selling price without the cabinets (assuming the buyers get a loan, which they most likely will).
ChadTower:
I've talked to a few people who had collections that tried this... same as above. It doesn't affect offers on the house in terms of value. Of course, a lot of buyers said "I'll make an offer if you will leave the collection behind" but none were saying "we'll give you a few K extra for the collection too".
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